Fix ASC Billing Margins to Protect Surgical Revenue

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Fix ASC Billing Margins to Restore Financial Stability Ambulatory Surgery Centers (ASCs) are under increasing financial pressure. Rising supply costs, staffing challenges, payer reimbursement cuts, and complex billing rules are steadily shrinking profitability. When billing inefficiencies exist, even high surgical volume cannot protect ASC billing margins. Fixing ASC billing margins requires more than increasing case volume. It demands accurate coding, clean claims, payer compliance, and a disciplined revenue cycle strategy. Without these elements in place, revenue leakage becomes inevitable. Why ASC Billing Margins Are Declining ASC billing margins are declining across the U.S. healthcare system due to a combination of operational and reimbursement-related factors. Many of these issues remain hidden until cash flow is already impacted. Key contributors include: Underreported procedures and implants Incorrect CPT, HCPCS, and modifier usage Missed or delayed pre-authorizations ...
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Reduce no shows in your Family Practice and Increase Revenue

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Physicians consider it unprofessional when their patients do not show up at the appointed time. No-shows tell upon the revenue, wasting not just the physician’s time but also that of the supporting staff. In order to overcome this issue physicians adopt methods like overbooking patient appointments, treating alternative patients, contacting the patient who did not show up, etc. However, it is important to understand why some patients do not turn up so that revenue and time are not lost. Our Family Practice billing services team can provide you with high-quality and error-free patient demographic and Family Practice charge entry services.

Why don’t patients show up in Family Practice?

In order to fix no-shows, we need to first understand why some patients do not show up. There are several practices that are blissfully unaware of the no-show rate, nor do they spend some time analyzing patient visit statistics to arrive at a pattern. It would do well for practices to understand how great a problem the no-show phenomenon really is and specific instances when patients do not keep their appointments.

Keeping track in real-time help in improving the figures in Family practice billing. This is possible only by taking 3 to 6 months of data and analyzing it to detect patterns or trends. This will show which physicians suffer from the most number of no-shows, and which type of patients consistently misses their appointments.

Armed with this vital information practices can easily find out the primary causes for no-shows. Check if the front desk is functioning efficiently and remember to make reminder calls to patients well in advance. The person in charge of scheduling appointments needs to book appointments well in advance. This can help in avoiding the sorry situation where patients are made to wait too long at the office. These reasons can have an adverse effect on the practice as they contribute to more no-shows resulting in a loss of revenue for Family practice billing.

Here are some points that indicate reasons for a plausible increase in no-shows and ways that may help in reducing no-shows by patients:

  • There is no proper rapport built between the patient and the doctor. There may be a string of new patients who believe in visiting different doctors in the same practice, expecting a range of collective opinions in order to choose the best. Some patients feel they do not know their doctor well enough to consider him or her a personal physician. If doctors take a few minutes extra to make conversation and built rapport it will certainly contribute to a reduction in the number of no-shows.
  • Patients, more often than not realize the value of the services and the importance of the counseling they get during a visit. It pays for a doctor to take time to explain the condition and its seriousness so that the patient understands the vital need for a particular test or an extended course of treatment.

To learn more about Reduce no-shows in your Family Practice and Increase Revenue, click here: https://bit.ly/3CkiTGl Contact us at info@medicalbillersandcoders.com/ 888-357-3226.

Location: United States

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